Welcome to Development Posts. They feature commentaries by Development Centre experts and guests writing individually or jointly on the research, schools of thought, policy implications and trends defining today’s most pressing development challenges.

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Latin America grew in 2014 at the slowest pace in five years – lower than the OECD for the first time in a decade. There is concern that the low growth rates of around 3% forecast for next few years are not indicative of a temporary slowdown but rather of lower growth potential. Latin America needs more skills and innovation to better integrate into the shifting wealth process.

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The period 2009-12 was marked by an economic rebound following the introduction of the multiple currency system, with the economy growing at an average rate of 11.0% per annum. However, GDP growth decelerated sharply from 10.6% in 2012 to 4.5% in 2013 and an estimated 3.1% in 2014.

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Zambia’s economy performed relatively well within the region despite the decline in the growth rate. This decline was largely a result of lower production in the mining sector compared to the year before as well as slower growth in manufacturing and public services.

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In 2014, Uganda saw the consolidation of macroeconomic stability and a gradual recovery of economic activity. Real GDP growth in FY 2013/14 reached 4.5% (July 2013 through to June 2014), which was significantly weaker than expected (5.7%), mainly due to under-execution of externally financed public investment and depressed exports as demand from trading partners stalled.

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Economic growth is expected to be 2.4% in 2014 (2.3% in 2013). The government had assumed 4% growth when drafting the 2014 budget, but the forecast was lowered to 2.8% in March 2014, two months after the inauguration of new prime minister Mehdi Jomâa.

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GDP grew by an estimated 5.5% in 2014, and is projected to grow by 5.7% in 2015 and 5.9% in 2016, thanks to investment in economic infrastructure and agricultural reforms. The new Scantogo-Mines industrial complex will begin large-scale limestone mining in 2015 to produce clinker and cement locally.

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The Tanzanian economy has continued to perform strongly, recording growth of 7.3% in 2013, up from 6.9% in 2012, driven by information and communications, construction, manufacturing and other services. Medium-term prospects are favourable, with growth projected to remain above 7%, supported by public investments in infrastructure, particularly in the transport and energy sectors.

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Economic performance in Swaziland, as indicated by real gross domestic product (GDP) growth, slowed half of a percentage point from 3.0% in 2013 to 2.5% in 2014. The much-needed recovery from the 2011 fiscal crisis has not materialised.

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Growth of Sudan’s gross domestic product (GDP) has been estimated at 3.4% in 2014 and is projected at 3.1% and 3.7% in 2015 and 2016, respectively. GDP should be driven by rain-fed agriculture, minerals and oil-transit fees.